KBW analyst Ryan Tomasello maintained a Buy rating on CoStar Group (CSGP – Research Report) yesterday and set a price target of $109.00. The company’s shares closed yesterday at $95.69.
According to TipRanks, Tomasello is an analyst with an average return of -22.4% and a 41.94% success rate. Tomasello covers the Technology sector, focusing on stocks such as Porch Group, SmartRent, and Blend Labs.
CoStar Group has an analyst consensus of Strong Buy, with a price target consensus of $98.75, which is a 3.20% upside from current levels. In a report released on April 4, RBC Capital also maintained a Buy rating on the stock with a $109.00 price target.
Based on CoStar Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $640.06 million and a net profit of $96.48 million. In comparison, last year the company earned a revenue of $573.35 million and had a net profit of $124.42 million
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CoStar Group (CSGP) Company Description:
Founded in 1987, CoStar Group, Inc. is based in the District of Columbia and provides information, analytics, and marketing services to the commercial real estate industry. The company offers its services through three divisions: Information and analytics, Online marketplaces, and Commercial property and land.
Read More on CSGP:
- Zillow, Redfin to weather storm as real estate commissions fall, Barron’s says
- RBC says NAR ruling could be positive for CoStar’s Homes.com
- Appeals court says DOJ can reopen antitrust probe into NAR, Bloomberg reports
- CoStar Group price target raised to $109 from $95 at RBC Capital
- Early notable gainers among liquid option names on March 18th
